# Shapoorji Pallonji Group is raising $2.7 billion in private credit.

*business · news · 2026-05-19 · The Economic Times*

## Key points

- Shapoorji Pallonji Group is raising $2.7 billion in private credit, backed by a Tata Sons stake.
- The fundraising includes the group's first-ever $1 billion US dollar tranche offering around 14% yield.
- Milestones for investors are linked to a potential Tata Sons IPO or settlement within 18 months.
- CareEdge Ratings downgraded Goswami Infratech's bonds to B+ negative due to delayed fundraising.
- New financing is specifically backed by a 9.185% Tata Sons stake held via Cyrus Investments.

**Companies:** BlackRock, Bank of America, Shapoorji Pallonji Group, AllianceBernstein, 360 ONE, EAAA India Alternatives, JM Financial, Deutsche Bank, Goswami Infratech
**Countries:** India, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/sp-group-plans-to-raise-2-7-billion-blackrock-bofa-may-chip-in/articleshow/131188181.cms)

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